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Chipotle Issues Downbeat Q4 Profit Forecast

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Chipotle Mexican Grill (NYSE: CMG) issued downbeat profit forecast for the fourth quarter.

Chipotle expects Q4 net income of $1.92 to $1.97 per share on revenue of $699.2 million. However, analysts were expecting a profit of $2.09 per share on revenue of $690.7 million.

Chipotle shares gained 0.46% to close at $297.32 yesterday.

Posted-In: profitEarnings News Guidance

 

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